Probing potential output : monetary policy, credibility, and optimal learning under uncertainty / by James Yetman. : FB3-2/100-10E
Monetary authorities have put significant emphasis on attaining credibility for their policy objectives in recent years. Steps taken by the Bank of Canada have included announcing explicit inflation targets, publishing detailed accounts of inflation developments and the conduct of monetary policy, and issuing press releases explaining changes in the Bank Rate... The question addressed here is whether an increase in credibility increases the desirability of probing. In other words, should a monetary authority that has increased its credibility follow a more aggressive policy in order to obtain more precise estimates of the parameters of the economy?--Introduction
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.615206&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Probing potential output : monetary policy, credibility, and optimal learning under uncertainty / by James Yetman. |
| Series title | Working paper1192-54342000-10 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "Monetary authorities have put significant emphasis on attaining credibility for their policy objectives in recent years. Steps taken by the Bank of Canada have included announcing explicit inflation targets, publishing detailed accounts of inflation developments and the conduct of monetary policy, and issuing press releases explaining changes in the Bank Rate... The question addressed here is whether an increase in credibility increases the desirability of probing. In other words, should a monetary authority that has increased its credibility follow a more aggressive policy in order to obtain more precise estimates of the parameters of the economy?"--Introduction. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 2000. |
| Binding | Softcover |
| Description | vi, 27p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-29002-X |
| ISSN | 1192-5434 |
| Catalogue number |
|
| Subject terms | Monetary policy Inflation |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.- Date modified: